Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Heritage Investors Management Corp

Heritage Investors Management Corp grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 498,120 shares of the restaurant operator’s stock after acquiring an additional 31,560 shares during the period. Heritage Investors Management Corp’s holdings in Chipotle Mexican Grill were worth $19,521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Operose Advisors LLC purchased a new stake in Chipotle Mexican Grill in the second quarter valued at $25,000. Lavaca Capital LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $28,000. Activest Wealth Management lifted its holdings in shares of Chipotle Mexican Grill by 109.3% in the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 270 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth about $34,000. Finally, Evolution Wealth Management Inc. acquired a new stake in Chipotle Mexican Grill during the second quarter worth about $34,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Morgan Stanley decreased their price target on Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Jefferies Financial Group cut their target price on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a report on Monday, October 13th. Mizuho boosted their target price on shares of Chipotle Mexican Grill from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. UBS Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, January 26th. Finally, Gordon Haskett cut shares of Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $50.23.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $38.53 on Tuesday. The stock has a 50 day moving average price of $37.37 and a 200 day moving average price of $39.08. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $59.19. The stock has a market capitalization of $50.94 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 3.50 and a beta of 0.97.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.